US banks used Tarp funds to increase lending
A large majority of U.S. banks claim government bailout money has allowed them to write new loans to customers, while a minority have used it to buy rivals, according to a report by Neil Barofsky, the special inspector-general for SIGTARP-Special Inspector General for the Troubled Asset Relief Program. The report reveals a continuing argument with [...]
Thursday, August 6, 2009
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